Last updated : April 05, 2018 10:31 am
India’s leading QSR chain palns to expand its reach to 9 more cities while reaching a mark of 500 stores in 3 years. Wow! Momo will also develop their in-store digital interfaces and introduce newer store formats in near future.
In an interview with Retail4growth, Sagar Daryani, Co-founder and CEO, Wow! Momo told, “Our biggest aim is to spread our wings well in each city that we will enter. Upon making a debut in a new city, our business plan follows a path of entering through a mall outlet and then followed by hotspots, neighbourhood markets and then high streets. Therefore, we may add 9 more cities in our retail expansion plan but the planned number of stores will be much more than double of what we already have.”
Wow! Momo received Series B funding of INR 44 Crores led by Lighthouse Funds and IAN at a valuation of INR 230 crores last year.